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Montana Power Plans to Sell Off
Its Electricity-Generating Assets

By

James P. Miller Staff Reporter of The Wall Street Journal

Updated Dec. 10, 1997 12:01 a.m. ET

Montana Power Co. said it plans to sell its entire electricity-generating infrastructure -- 13 dams and four coal-fired plants -- in response to what it called the "rapidly changing and increasingly competitive" conditions in the electric-utility industry.

The Butte, Mont., utility holding company didn't say what price the generating assets might fetch, but said that their book value is about $600 million. Edison...